Economy 52,951 Posted October 10, 2014 Share Posted October 10, 2014 http://www.cbc.ca/m/news/business/canada-s-economy-adds-74-000-jobs-jobless-rate-drops-to-6-year-low-1.2794839 After the US added 248,000 jobs last month, unemployment fell to 5.9%. And after Canada adding 74,000 jobs last month, unemployment fell to 6.8% Both Countries have a different methology of measuring unemployment, but when you adjust for that differnce both Countries now actually have the exact same unemployment rateBoth US and Canada now have the lowest unemployment Since recession as of last month Link to post Share on other sites More sharing options...
Noel Kahn 2 Posted October 10, 2014 Share Posted October 10, 2014 Omg yes thank god I'm so happy things are getting better Link to post Share on other sites More sharing options...
kyleaustin 0 Posted October 10, 2014 Share Posted October 10, 2014 yeah this is because most people stopped searching for jobs because there are still none out there, the uemployment rate isn't really a great indicator because once u give up looking for a job you aren't counted in the unemployment rate. Link to post Share on other sites More sharing options...
SlayedForTheGod 665 Posted October 10, 2014 Share Posted October 10, 2014 yeah this is because most people stopped searching for jobs because there are still none out there, the uemployment rate isn't really a great indicator because once u give up looking for a job you aren't counted in the unemployment rate. nahh i dont think this is true. I live in a really small town in the south and we have been experiencing A LOT of growth in the community. A bunch of new businesses are being built or have been built and its really bringing more jobs. Link to post Share on other sites More sharing options...
kyleaustin 0 Posted October 10, 2014 Share Posted October 10, 2014 nahh i dont think this is true. I live in a really small town in the south and we have been experiencing A LOT of growth in the community. A bunch of new businesses are being built or have been built and its really bringing more jobs. what state? it's prob cuz ur living in a republican state with a republican governor :) they know how to grow jobs and get people on their feet. Link to post Share on other sites More sharing options...
SlayedForTheGod 665 Posted October 10, 2014 Share Posted October 10, 2014 what state? it's prob cuz ur living in a republican state with a republican governor :) they know how to grow jobs and get people on their feet. GA lol i dont know if our governor is republican or not. i dont really keep up with state politics as much as i should Link to post Share on other sites More sharing options...
kyleaustin 0 Posted October 10, 2014 Share Posted October 10, 2014 GA lol i dont know if our governor is republican or not. i dont really keep up with state politics as much as i should yeah ur governor is nathan deal hes a republican, and hes up for re-election this year. vote for ha.. or else :evil: Link to post Share on other sites More sharing options...
Economy 52,951 Posted October 10, 2014 Author Share Posted October 10, 2014 yeah this is because most people stopped searching for jobs because there are still none out there, the uemployment rate isn't really a great indicator because once u give up looking for a job you aren't counted in the unemployment rate. the labor force participation rate has dropped a lot and as ive pointed out often, thats an issue. if a smaller percentage of the population is working, then the economies full capacity isnt as great when you reach "full employment" Some of it is ppl giving up looking for work, but some of it is ppl retiring as well as people staying in school longer now-a-days This sucks because when the US reaches full employment (considered to be when unemployment is around 4%), the economy wont be as strong and as productive as what it was before when unemployment was 4% Link to post Share on other sites More sharing options...
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